BULGARIAN TRADE WITH THIRD COUNTRIES IN THE PERIOD JANUARY - MARCH 2017 (PRELIMINARY DATA) In the period January - March 2017 Bulgarian exports to third countries increased by 20.1 in comparison with the corresponding period of the previous year and amounted to 4 243.3 Million BGN (Annex, Table 1 and 2). Main trade partners of Bulgaria were Turkey, China, Egypt, Serbia, the Former Yugoslav Republic of Macedonia and the Russian Federation, which accounted for 52.9 of the exports to non EU countries (Annex, Table 3). In March 2017 Bulgarian exports to third countries increased by 20.3 compared to the corresponding month of the previous year and amounted to 1 411.0 Billion BGN. Figure 1. Nominal value 1 change of exports of Bulgaria to non EU countries in the period 2016-2017 In the period January - March 2017 compared to the same period of 2016 in the exports of Bulgaria to third countries distributed according to the Standard International Trade Classification the largest growths were recorded in the sections Mineral fuel, lubricants and related materials (47.1) and Manufactured goods classified chiefly by material (36.2) (Annex, Table 4). The most notable fall was reported in section Crude materials, inedible (except fuel) 2 (8.8). 2 The section includes following divisions: raw hides, skins and furskins; oil-seeds and oleaginous fruits; crude rubber; cork and wood; pulp and waste paper; textile fibres and their wastes; crude fertilizers and crude minerals; metalliferous ores and metal scrap; crude animal and vegetable materials, n.e.s. 1
Bulgarian imports from third countries in the period January - March 2017 increased by 41.8 in comparison with the corresponding period of the previous year and added up to 5 158.3 Million BGN (at CIF prices) (Annex, Table 1 and 2). The largest amounts were reported for the goods imported from the Russian Federation, Turkey, China and Serbia (Annex, Table 3). In March 2017 Bulgarian imports from third countries increased by 63.3 compared to the corresponding month of the previous year and amounted to 1 977.7 Billion BGN. Figure 2. Nominal value 1 change of imports of Bulgaria to non EU countries in the period 2016-2017 In the period January - March 2017 compared to the same period of 2016 in the imports of Bulgaria from third countries distributed according to the Standard International Trade Classification the largest growths were recorded in the sections Mineral fuel, lubricants and related materials (79.7) and Crude materials, inedible (except fuel) (71.1) (Annex, Table 4). A fall was observed only in sector Beverages and tobacco (22.6). The foreign trade balance of Bulgaria (export FOB - import CIF) with third countries in the period January - March 2017 was negative and added up to 915.0 Million BGN (Annex, Table 1). The trade balance at FOB/FOB prices (after elimination of transport and insurance costs on imports) was also negative and amounted to 653.2 Million BGN. In March 2017 the foreign trade balance of Bulgaria (export FOB - import CIF) with third countries was negative and amounted to 566.7 Million BGN. 2
Bulgarian trade with third countries and EU - total In the period January - March 2017 the value of all exported goods from Bulgaria amounted to 12 161.3 Million BGN and in comparison with the corresponding period of the previous year the exports increased by 14.8 (Annex, Table 1 and 2). In March 2017 the total exports added up to 4 371.8 Billion BGN and increased by 18.8 compared to the corresponding month of the previous year. Figure 3. Nominal value 1 change of exports of Bulgaria in the period 2016-2017 The total value of all the goods imported in the country in the period January - March 2017 amounted to 13 927.7 Million BGN (at CIF prices), or by 21.0 more than the same period of 2016 (Annex, Table 1 and 2). In March 2017 the total imports increased by 25.3 compared to the same month of the previous year and added up to 5 285.9 Billion BGN. 3
Figure 4. Nominal value 1 change of imports of Bulgaria in the period 2016-2017 The total foreign trade balance (exports FOB - import CIF) was negative in the period January - March 2017 and amounted to 1 766.4 Million BGN (Annex, Table 1 and 2). At FOB/FOB prices (after elimination of transport and insurance costs on imports) in the period January - March 2017 the total foreign trade balance was also negative and added up to 1 068.7 Million BGN. In March 2017 the total foreign trade balance (exports FOB - import CIF) was negative and added up to 914.1 Million BGN. The trade balance at FOB/FOB prices was also negative and amounted to 647.2 Million BGN. 4
Annex Exports, imports and trade balance of Bulgaria in the period January - March 2016 1 and 2017 1 by months Table 1 (Million BGN) Months/Periods Exports - FOB Imports - CIF Imports - FOB 2 Trade balance - FOB/CIF Trade balance - FOB/FOB 2 Total EU Non EU Total EU Non EU Total EU Non EU Total EU Non EU Total EU Non EU I.2016 3427.3 2263.0 1164.3 3471.9 2267.7 1204.2 3301.1 2154.8 1146.3-44.6-4.7-39.9 126.2 108.2 18.0 II.2016 3481.7 2286.3 1195.4 3824.7 2601.5 1223.2 3644.8 2481.3 1163.5-343.0-315.2-27.8-163.1-195.0 31.9 III.2016 3680.5 2507.4 1173.1 4217.0 3005.6 1211.4 4021.0 2864.8 1156.2-536.5-498.2-38.3-340.5-357.4 16.9 I - III.2016 10589.5 7056.7 3532.8 11513.6 7874.8 3638.8 10966.9 7500.9 3466.0-924.1-818.1-106.0-377.4-444.2 66.8 I.2017 3738.1 2426.0 1312.1 4216.0 2641.1 1574.9 4004.0 2508.7 1495.3-477.9-215.1-262.8-265.9-82.7-183.2 II.2017 4051.4 2531.2 1520.2 4425.8 2820.1 1605.7 4207.0 2682.0 1525.0-374.4-288.9-85.5-155.6-150.8-4.8 III.2017 4371.8 2960.8 1411.0 5285.9 3308.2 1977.7 5019.0 3142.8 1876.2-914.1-347.4-566.7-647.2-182.0-465.2 I - III.2017 12161.3 7918.0 4243.3 13927.7 8769.4 5158.3 13230.0 8333.5 4896.5-1766.4-851.4-915.0-1068.7-415.5-653.2 1 Data are preliminary as of 10-th May 2017. 2 By data of BNB for the transport costs. Value changes of exports and imports of Bulgaria in the period January - March 2017 1 compared to the same period of the previous year Table 2 (Per cent) Months/Periods Exports - FOB Imports - CIF Imports - FOB Total EU Non EU Total EU Non EU Total EU Non EU I 9.1 7.2 12.7 21.4 16.5 30.8 21.3 16.4 30.4 II 16.4 10.7 27.2 15.7 8.4 31.3 15.4 8.1 31.1 III 18.8 18.1 20.3 25.3 10.1 63.3 24.8 9.7 62.3 I - III 14.8 12.2 20.1 21.0 11.4 41.8 20.6 11.1 41.3 1 Data are preliminary as of 10-th May 2017. 5
Table 3 Exports, imports and trade balance of Bulgaria with main non EU partner countries 1 in the period January - March 2016 2 and 2017 2 Exports - FOB Imports - CIF Trade balance - FOB/CIF Countries Change compared to the same period of the previous year - Change compared to the same period of the previous year - Million BGN Million BGN Million BGN Third countries - total 3532.8 4243.3 20.1 3638.8 5158.3 41.8-106.0-915.0 of which: Albania 24.3 32.8 35.0 4.1 7.7 87.8 20.2 25.1 Bosnia and Herzegovina 30.3 36.0 18.8 18.3 17.9-2.2 12.0 18.1 Brazil 8.9 6.3-29.2 11.3 10.9-3.5-2.4-4.6 Canada 23.6 19.3-18.2 19.1 20.6 7.9 4.5-1.3 China 242.9 324.6 33.6 509.9 532.2 4.4-267.0-207.6 Egypt 99.6 305.5 206.7 72.7 254.6 250.2 26.9 50.9 Former Yugoslav Republic of Macedonia 192.8 196.6 2.0 97.8 139.1 42.2 95.0 57.5 Georgia 41.8 58.2 39.2 42.9 149.2 247.8-1.1-91.0 Gibraltar 0.4 27.1 6675.0 0.1 0.0 x 0.3 27.1 India 30.2 87.3 189.1 61.7 65.7 6.5-31.5 21.6 Indonesia 14.7 13.5-8.2 15.8 21.4 35.4-1.1-7.9 Iran, Islamic Republic of 39.0 36.0-7.7 12.5 65.8 426.4 26.5-29.8 Israel 37.2 37.0-0.5 40.1 24.0-40.1-2.9 13.0 Japan 14.4 16.2 12.5 39.9 44.5 11.5-25.5-28.3 Kazakhstan 9.6 11.2 16.7 8.3 13.1 57.8 1.3-1.9 Korea, Republic of 38.7 14.2-63.3 58.5 53.9-7.9-19.8-39.7 Libya 25.9 29.1 12.4 2.5 2.6 4.0 23.4 26.5 Morocco 16.2 44.9 177.2 35.7 43.6 22.1-19.5 1.3 Namibia 11.4 25.8 126.3 0.0 0.0 0.0 11.4 25.8 Norway 17.5 10.5-40.0 13.0 11.9-8.5 4.5-1.4 Peru 1.5 7.2 380.0 15.8 12.7-19.6-14.3-5.5 Russian Federation 155.1 173.9 12.1 922.9 1430.8 55.0-767.8-1256.9 Serbia 174.3 203.5 16.8 148.0 275.0 85.8 26.3-71.5 Singapore 56.8 97.5 71.7 14.4 19.1 32.6 42.4 78.4 South Africa 45.1 28.4-37.0 11.4 19.6 71.9 33.7 8.8 Switzerland 66.5 49.0-26.3 83.7 92.8 10.9-17.2-43.8 Syrian Arab Republic 11.4 23.0 101.8 0.6 0.0 x 10.8 23.0 Taiwan 7.6 10.5 38.2 49.2 56.5 14.8-41.6-46.0 Turkey 866.1 1039.0 20.0 695.7 874.0 25.6 170.4 165.0 Ukraine 54.0 33.7-37.6 181.3 204.3 12.7-127.3-170.6 United Arab Emirates 123.9 119.6-3.5 12.1 15.0 24.0 111.8 104.6 United States 166.5 141.4-15.1 99.1 105.8 6.8 67.4 35.6 Viet-Nam 12.0 10.1-15.8 16.7 21.5 28.7-4.7-11.4 1 Partner country: - In case of exports (or dispatches) is the country (or Member State) of final destination of the goods. - In case of imports (or arrivals) is the country (or Member State) of consignment of the goods. 2 Data are preliminary as of 10-th May 2017. x - category not applicable. - - no case. 0 - figure less than half the unit used. 6
Table 4 Exports, imports and trade balance of Bulgaria with non EU countries by sections of SITC, rev. 4 in the period January - March 2016 1 and 2017 1 Exports - FOB Imports - CIF Trade balance - FOB/CIF Sections by SITC Change compared to the same period of the previous year - Change compared to the same period of the previous year - Million BGN Million BGN Million BGN Third countries - total 3532.8 4243.3 20.1 3638.8 5158.3 41.8-106.0-915.0 Food and live animals 342.8 379.9 10.8 198.4 223.8 12.8 144.4 156.1 Beverages and tobacco 114.4 131.9 15.3 31.4 24.3-22.6 83.0 107.6 Crude materials, inedible (except fuel) 277.3 252.9-8.8 313.3 536.1 71.1-36.0-283.2 Mineral fuel, lubricants and related materials 553.3 814.1 47.1 901.3 1619.4 79.7-348.0-805.3 Animals and vegetable oils, fats and waxes 43.9 42.0-4.3 12.3 15.4 25.2 31.6 26.6 Chemical and related products n.e.c. 375.9 411.5 9.5 415.1 424.7 2.3-39.2-13.2 Manufactured goods classified chiefly by material 655.8 893.5 36.2 773.3 1035.8 33.9-117.5-142.3 Machinery and transport equipment 622.0 660.4 6.2 676.0 909.4 34.5-54.0-249.0 Miscellaneous manufactured articles 538.2 649.5 20.7 310.5 361.2 16.3 227.7 288.3 Commodities and transactions n.e.c. 9.2 7.6-17.4 7.2 8.2 13.9 2.0-0.6 1 Data are preliminary as of 10-th May 2017. 7